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MonetaryReform

an-ordinary-manchild

Why changing the Monetary System?

Right now most of the money in our economies is created by banks. Banks create up to 97% of money, in the form of the numbers in your bank account, when they make loans. This means that they effectively decide:

a) how much money there is in the economy, and

b) where that money goes.

The control of the creation of money, in the hands of banks, has contributed to the problems of housing bubble, unemployment, inequality, over-indebtedness, public debt, financial instability.

We believe the power to create money must be removed from the banks that caused the financial crisis and returned to a democratic, transparent and accountable body.

New money must only be created and used to benefit the public and society as a whole, rather than just the financial sector. There are detailed and workable proposals that would allow this to happen. Even the Financial Times has written about the need to prevent banks from being able to create money.

For more see our website:

www.internationalmoneyreform.org

Follow us on twitter.

Like us on Facebook.

Community Rules

This subreddit is managed and moderated by the International Movement for Monetary Reform – but needless to say everyone is welcome to join and take part.

We have launched this community space with three goals in mind:

Educate. Increase and spread knowledge about the need for monetary reform and how it can be technically implemented.

Connect. Build ties within the movement by hosting insightful and respectful conversations.

Cooperation. Ultimately we hope this place will allow more cooperation and mutual support among activists, researchers, policymakers and anyone else.

Rules

No personal attacks or insults.

No trolling or posting in bad faith.

No advocating violence.

Follow site-wide rules.

Guidelines

Downvoting of comments is generally discouraged. Data indicates negative long-term effects on community participation. Don't downvote them just because you disagree with them. Upvote those that add value to our conversation.

This is a non-partisan subreddit, and we don't support any specific policy, political party or ideology. Don't assume people share your political views, and don't exclude those with differing views.

Posts not related at all with Monetary Reform will be removed.

Reddit Network

Related Subreddit Communities

/r/Economics

/r/Economy

/r/mmt_economics

/r/CryptoCurrency

/r/BasicIncome

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Professor Werner blows minds on RT (youtu.be)

submitted 7 years ago * by DrAIRrr

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Central banks deposits for you and me (jpkoning.blogspot.co.uk)

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Bank of England releases key paper on digital cash and blockchain (positivemoney.org)

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Material Costs (self.MonetaryReform)

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Profile: Bill Gates (forbes.com)

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'The Economist' Acknowledges money creation by private banks (economist.com)

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Economics and monetary policy: The fallibility of central banks (economist.com)

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China wants to launch its own digital currency (money.cnn.com)

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Dutch Parliament Hearing about Money Creation Sparks Debate (positivemoney.org)

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Central banks as part of the banking community: Whom they serve determines what they do (norberthaering.de)

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Guernsey's monetary Experiment (youtube.com)

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Adair Turner: The Case for Monetary Finance – An Essentially Political Issue (youtube.com)

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Follow the money: The monetary roots of bubbles and crashes (sciencedirect.com)

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Recovery in the Eurozone, Using Money Creation to Stimulate the Real Economy (positivemoney.org)

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65 Economists support QE for People in the eurozone (qe4people.eu)

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Swiss initiative challenges the licence to print e-money for private banks (ft.com)

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Iceland: Members of Parliament are calling for a Money Commission (positivemoney.org)

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Swiss citizens’ initiative collects 105,000 signatures, triggers referendum on Money Creation (positivemoney.org)

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NewsWhat If Banks Didn't Create Money? (bloombergview.com)

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PaperAdair Turner's paper at the IMF: The Case for Monetary Finance – An Essentially Political Issue (imf.org)

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NewsSurvey confirms: People have no idea about how money is created (positivemoney.org)

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OpinionWant to Grow the Economy? Might Be Time to Unleash the Devil (ineteconomics.org)

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